Guideline Value for Atinosn Road 2nd Street

Atinosn Road 2nd Street guideline value

The current guideline value of Atinosn Road 2nd Street is Rs 11,500 per sq.ft, effective from 1 July 2024. This street is located in Vepery village under the Periamet SRO, and it falls under the Residential Class I Type - II land classification.

How the guideline value of Atinosn Road 2nd Street has changed

The guideline value for Atinosn Road 2nd Street has seen several revisions over the years. In 2007, the guideline value was Rs 1,800 per sq.ft, which increased significantly to Rs 10,500 per sq.ft in 2012. However, this value decreased to Rs 7,035 per sq.ft in 2017. The 2023 revision set the value at Rs 10,500 per sq.ft, and the most recent revision in 2024 has increased it to Rs 11,500 per sq.ft.

In terms of percentage changes, the guideline value increased by 483% from 2007 to 2012, decreased by 33% from 2012 to 2017, and then rose by 49% from 2017 to 2023. The jump from 2023 to 2024 is a further increase of 10%. Overall, from 2007 to 2024, the guideline value has risen by 539%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Vepery

In Vepery village, there are 290 streets under the Periamet SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 22,000 per sq.ft, with a median value of Rs 4,800 per sq.ft. Atinosn Road 2nd Street's 2024 guideline value is above this median.

• Atkinson Road: Rs 11,500 per sq.ft (2024)
• Atkinson Road 1st street: Rs 11,500 per sq.ft (2024)
• Atkinson Road 3rd Street: Rs 11,500 per sq.ft (2024)
• Atkinson Road 4th Street: Rs 11,500 per sq.ft (2024)
• Atkinson Road 5th Street: Rs 11,500 per sq.ft (2024)
• Atkinson Road 6th Street: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in Atinosn Road 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 11,500 per sq.ft, the total guideline value would be Rs 1,15,00,000. The stamp duty at 7% would amount to Rs 8,05,000, and the registration fee at 2% would be Rs 2,30,000, making the total cost Rs 10,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Atinosn Road 2nd Street?

The Sub Registrar Office that covers Atinosn Road 2nd Street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Vepery

The guideline value is a crucial factor in the registration process when buying or selling property in Vepery. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is considered to ensure that the appropriate taxes are levied. Buyers and sellers must be aware of the current guideline value to accurately calculate the associated costs during the sale or purchase of property.

Frequently asked questions

What is the current guideline value of Atinosn Road 2nd Street?

The current guideline value of Atinosn Road 2nd Street is Rs 11,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2007 to Rs 11,500 per sq.ft in 2024, showing significant increases and decreases over the years.

What is the land classification for Atinosn Road 2nd Street?

Atinosn Road 2nd Street falls under the Residential Class I Type - II land classification.

What is the registration office for Atinosn Road 2nd Street?

The registration office for Atinosn Road 2nd Street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

How is the stamp duty calculated for properties on Atinosn Road 2nd Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 8,05,000.